Wednesday, June 10, 2009


My email to morning report

Banks suffering their "fair share" of the recession

Tuesday, 9 June, 2009 7:35 PM
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Hi Geoff, Sean

Loved hearing Mr Foss saying several times that banks are not suffering their "fair share".

Then we heard Mrs Fagg, CEO of ANZ National state that her bank's profit was down 30%. From memory they have made some of their staff redundant.

I am concerned that parliament has not suffered its fair share of the recession either, so how about redunancies from parliament, how about a 10 to 30% pay cut for MPs?

Do these people not realise that every time they bash a private sector business that makes a profit, they are bashing taxpayers. If these politicians start fiddling with our finance sector, we'll end up with the distortions that the Americans had. Who suffered when that house of cards collapsed? Everyone OTHER than politicians...

Gordon Brown

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